Securities Litigation Results

In Re Telxon Corp. Securities Litigation

The firm and its co-counsel recovered more than $40 million on behalf of shareholders in this suit filed in the Northern District of Ohio. The firm represented purchasers of the stock of Telxon Corporation who were misled into believing that the company was meeting its earnings projections and achieving increased earnings and profitability.

In Re Safety Kleen Corporation Securities Litigation

In this securities fraud action, LGN played a pivotal role in recovering $24.5 million for defrauded shareholders. The firm and its co-counsel settled this case, which involved Safety-Kleen stunning the market by announcing that its three most senior executive officers were being placed on administrative leave to permit the Company to conduct an "internal investigation" of its prior reported financial results, as well as to investigate the Company's accounting policies and practices following receipt of information by the Company's Board alleging possible accounting irregularities.

In Re Ikon Office Solutions Inc. Securities Litigation

In this securities class action, the firm recovered $111 million for purchasers of Ikon Office Solution securities whom we alleged were defrauded when defendants caused IKON to issue false and misleading statements with respect to the Company's transformation program designed to lower administrative costs and improve operating margins. The case settled on the eve of trial.

In Re USN Communications Securities Litigation

LGN played a pivotal role in this lawsuit that alleged violations of the federal securities laws by a bankrupt reseller of telecommunications services. The firm recovered $45 million for the company's defrauded stockholders.

In Re Piper Funds, Inc. Institutional Government Income Portfolio Litigation

LGN served as lead counsel in this case and recovered $70 million for investors in the Piper Jaffray Institutional Government Income Portfolio.

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Lockridge Grindal Nauen Our People Government Relations- State and Federal Practice Areas Events Endorsements Media Community Summer Associate Program Contact Us Map & Directions Securities Law Portfolio Monitoring Litigation Results Helpful Resources	Securities Litigation Results In Re Telxon Corp. Securities Litigation The firm and its co-counsel recovered more than $40 million on behalf of shareholders in this suit filed in the Northern District of Ohio. The firm represented purchasers of the stock of Telxon Corporation who were misled into believing that the company was meeting its earnings projections and achieving increased earnings and profitability. In Re Safety Kleen Corporation Securities Litigation In this securities fraud action, LGN played a pivotal role in recovering $24.5 million for defrauded shareholders. The firm and its co-counsel settled this case, which involved Safety-Kleen stunning the market by announcing that its three most senior executive officers were being placed on administrative leave to permit the Company to conduct an "internal investigation" of its prior reported financial results, as well as to investigate the Company's accounting policies and practices following receipt of information by the Company's Board alleging possible accounting irregularities. In Re Ikon Office Solutions Inc. Securities Litigation In this securities class action, the firm recovered $111 million for purchasers of Ikon Office Solution securities whom we alleged were defrauded when defendants caused IKON to issue false and misleading statements with respect to the Company's transformation program designed to lower administrative costs and improve operating margins. The case settled on the eve of trial. In Re USN Communications Securities Litigation LGN played a pivotal role in this lawsuit that alleged violations of the federal securities laws by a bankrupt reseller of telecommunications services. The firm recovered $45 million for the company's defrauded stockholders. In Re Piper Funds, Inc. Institutional Government Income Portfolio Litigation LGN served as lead counsel in this case and recovered $70 million for investors in the Piper Jaffray Institutional Government Income Portfolio.
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